The logo of State Bank of India (SBI) is seen on the facade of its headquarters in Mumbai.
| Photo Credit: Reuters
State Bank of India, the country’s largest lender by assets, is preparing to sell as much as ₹250 billion ($2.9 billion) of shares to institutional investors as early as next week, a news report said on Thursday (July 10, 2025), citing sources familiar with the matter.
The plans haven’t been finalised and are subject to change, the report said.
SBI did not immediately respond to Reuters‘ request for comment.
The bank’s board had approved the sale in May.
The state-owned banks will raise around ₹450 billion through qualified institutional placement of shares in the 2025-26 financial year, a government source told reporters on Wednesday (July 9, 2025).
Published – July 10, 2025 02:15 pm IST
